- up to 44% APY in staking rewards - Main usecase saw 6-fold increase in growth the past year - 2nd layer solution for Ethereum - deletable data features, enabling EU GDPR privacy law conformance - German project - 8 Million market cap - 70% of tokens already in circulation - Multiple working usecases - Connections with SAP, N26 and the German government As crypto will gather steam in the coming years and Ethereum scaling will be in more desperate need, second layer solutions could stand to benefit in a hype akin to the defi hype. For actual enterprise solutions privacy concerns for their users and adherence to stringent EU data protection laws will be an issue. Lition has found a solution and fixed technical consensus issues where teams like JP Morgan Quorum failed. In parallel with its blockchain solution, the team behind Lition developed their own application which is as of now the main usecase of their blockchain. This application is Lition Energie Gmbh, a German electric utility company that enables an electric market place where the user can select exactly which electricity provider will get it's money. These transactions take place on the Lition blockchain where the user pays 0.1 LIT in fees per transaction. By cutting out the middle man, this approach saves 20 to 30% in costs for energy users and providers. As of July, the company delivers electricity to over 10,000 German households up from 1600 a year ago yes a 6x increase. The company has currently 5 job positions open on their site and is clearly firing on all cylinders.
A second usecase in the works is a document certification usecase where the team is working together with a company called Docmosis. Staking rewards are as high as 44% for trust nodes right now but come in part from an ecosystem pool. However during the latest AMA the company's founder has said that the fees generated by the main usecase is already enough to guarantee 20% APY. However part of the transactions are still running off chain since mainnet was just launched 3 weeks ago and they are still in the process of launching trust nodes and bringing all transactions on the mainnet. Considering the rate of growth and the staking rewards this has nowhere to go but up As cherry on the cake the CTO of SAP (one of the largest software companies in the world) and one of the Forbes 40 under 40 recipients has cowritten the technical white paper of Lition and features his advising role to Lition on his LinkedIn page as his sole professional role next to being SAP's CTO. They also have a deal with N26 Germany's largest mobile bank which has a couple of million customers and Lition Energie is offered at a discount inside their mobile banking app. This is a no brainer.
Why is it pumping right now? 2 Big factors: >The team has succesfully launched their new mainnet 2.0 on time as promised on September 30th. Before this, there was always uncertainty wether they would be able to fix the bug that took mainnet 1.0 down. >October AMA was very bullish. It was unvailed that the usecase is succesfull enough to already generate enough income to give the stakers an API of 20% all by itself without funding through ecosystem tokens (which is currently the case and made an assessment of how much true income is being generated unclear). Picrelated talks about some of the events that can be expected.
One of these points in the previous pic talks about a speculative partnership between the Lition energy business and Tesla. This comes from a leaked sales pitch (picrelated) directed towards the Tesla team which was up on the site and has since been taken down. It is as of yet unclear how close they are on this front. What is interesting here though is that they already claim a >15 Million EUR revenue (ARR), up from the 10 Million figure a mere 4 months ago, see pic in this post:
Another point talks about the Tomochain AMA and related announcement. Similarly some activity was found on the Tomochain website where they listed all of Lition’s current partnerships.
As you can see among these partnerships there are some big names that are not being talked about often, e.g. Microsoft Azure. Here’s an old telegram post from a team member concerning that partnership.
The SAP partnership is most often talked about. Key figure here is Juergen Muller, the CTO of SAP who co-wrote the technical whitepaper, sometimes calls in via videochat to presentations (although not recently) and has his Lition advisor role prominently featured on his LinkedIn. He was recently named among Forbes’ 40 under 40. de.linkedin.com/in/juergmueller
The whitepaper claims significant collaboration between SAP and Lition and in older videos this often got referred to, this has wound down likely due to the mainnet issues and delay on Lition’s side.
The CEO Richard Lohwasser has a quite impressive resume see picrelated. A bit of a child prodigy, he developed one of Germany’s most popular websites clanintern.de/ who’s forum accumulated about 25 Million posts at the age of 17.
Richard also has good connections with the German government, speaking at forums hosted by the CDU (Germany’s leading party) and providing input for legislation to some senators and ministers. cducsu.de/veranstaltungen/referenten/dr-richard-lohwasser
LIT sometimes gets compared to EWT because Lition often mistakingly gets brushed of as an energy token. I think this user has put it best when it comes to said comparison.
stick to the generals user, if Zig Forumsraelis arent already all in they dont deserve to be
Jose Wood
ok ngl you got me hooked may buy 100k of these with my next win
Bentley Davis
Doing god's work user. I'm gonna link this topic around my friends because it's the only one I'm not ashamed of showing someone.
Jacob Baker
I was going to buy 100k LINK when it was around 20 cent just to be able to say that I unironically bought 100k because that was a trendy meme back then. Was just going to wait for a dip to 15 cent. I waited patiently... Needless to say I never owned 100k LINK and regret it.
i swung like half an eth off of this coin because it was promising and unraped, the stupid fucks jumping up and down and jerking off to elon musk fucking ruined it. I owned the coin and still didnt beleive in the fucking "tesla partnership", its literally a peice of marketing for tesla owners / tesla itself saying they can provide a better quality and cheaper service, but here come shill fags and announce a fake fucking tesla partnership. thanks when i knew it was over
Jack Powell
Just buy the dip, we will be back at 0.185$ within a few hours.
I have no idea what going on, I just want 1000x money. Are you telling me to buy or avoid. Done with the stock market
Jacob Bennett
Good coin fundamentally just the shills are fucking retarded and coin will probably become over valued in a short period and then lose with a hard adjustment
Andrew Foster
Nobody but retards ever thought it was a tesla partnership. This was a sales pitch to tesla about a possible partnership in the future. Companies do this shit all the time (which is why there's a random page about Quant on Ubisoft's site). It might not even be seen by Tesla.
This is a legit project, but obviously nobody legit will ever promise a 1000x return. Who knows, it could lose money, it could crab for a year, or it could blow up and become a new standard. Theres no sure things in investing
